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PM Capital Global Opportunities Fund Limited (ASX:PGF)

ALERT: Price-sensitive ASX Announcement for PGF
Current share price for PGF : $3.230 -0.21 (-6.10%)+
Announcement
Release
11 Aug 2026 9:10AM
Price at Release
$3.440
Full Release
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Summary
PM Capital Global Opportunities Fund Limited announced a non-underwritten placement and share purchase plan aiming to raise approximately $195 million to expand its asset base and improve liquidity. The offer price of $3.07 per share represents a 10.8% discount to the market price. The funds will be used to enhance PGF's investment strategy under PM Capital's management. Eligible shareholders can apply for up to $30,000 in new shares through the SPP, with the offer opening on 21 August and closing on 7 September 2026. The initiative is set to increase the fund's size to approximately $1.85 billion, with new shares being entitled to participate in fully franked dividends.
Key Points
  • PGF announced a non-underwritten placement of up to approximately $175 million and a share purchase plan (SPP) targeting up to approximately $20 million.
  • The offer price of $3.07 per share represents a 10.8% discount to the ASX closing price on 10 August 2026.
  • The New Shares issued will be entitled to a fully franked final full year dividend for 2026 of 7.5 cents per share.
  • The SPP invites eligible shareholders to apply for up to $30,000 worth of shares, maintaining flexibility to accept applications beyond the $20 million target.
  • New Shares will rank equally with existing shares and are expected to enhance PGF's asset size and liquidity.
  • The Placement and SPP are not underwritten, and shareholder approval is not required for the issuance of new shares.
  • The SPP opens on 21 August 2026 and closes on 7 September 2026, with results expected to be announced on 10 September 2026.
  • The funds raised will support PGF's investment strategy managed by PM Capital Pty Limited.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.